News

Some 34% of client portfolios are being outsourced to discretionary fund managers (DFMs), up from 28% in 2011, according to research released today.

The Financial Services Authority (FSA) has moved to ban and fine Arch Financial Products (AFP) directors Robin Farrell and Robert Addison for failings related to the management of the Arch Cru fund range.

An Essex-based Caribbean luxury resort developer hit by delays has confirmed it will pay back some investors.

Skandia has sent its post-RDR platform live, after being unavailable for the last three days.

Investec is to merge away its European fund due to its small size.

UK CPI inflation remained at 2.7% in October, broadly in line with economists' expectations, as RPI inflation fell from 3.2% to 3%.

Tied wealth manager St James's Place has sent its advisers guidance on how best to describe its restricted service.

Royal Bank of Scotland is still in negotiations with the Financial Services Authority (FSA) over how much it will have to stump up for its role in the LIBOR manipulation scandal.

Schroders has reached an agreement to acquire US investment grade fixed income manager STW Fixed Income Management.

The Financial Services Authority (FSA) has failed to make the case for its planned Arch Cru redress scheme announced earlier today, according to the Association of Professional Financial Advisers (APFA).